The previously hot labour market stalled out to end the summer with a loss of 42,000 jobs in August, Statistics Canada said Friday.
The unemployment rate held steady at 6.4 per cent last month, the agency said.
August’s losses fell short of economists’ expectations for a gain of 15,000 positions.
It puts an end to a hot streak for the labour market that saw 181,000 jobs added from April through July. The unemployment rate had dropped by half a percentage point over the previous three months.
StatCan said there was little change in the private sector and self-employment in August, but the public sector shed 20,000 positions in its third straight…
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